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1st Millennium Electronics Limited

03788514

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

WELLESLEY HOUSE, FARNBOROUGH, GU14 7QN
Incorporated 14/06/1999

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

27900
Manufacture of other electrical equipment

Officers

Mr Stephen Douglas Read

secretary · Since 14/06/1999

ARCHITECHT

BRITISH · UNITED KINGDOM · Age 64

Also on 7 other boards

Mr Iain Macdonald

director · Since 14/06/1999

SALES EXECUTIVE

BRITISH · UNITED KINGDOM · Age 58

Also on 4 other boards

Mr Stephen Douglas Read

director · Since 14/06/1999

ARCHITECT

BRITISH · ENGLAND · Age 64

Also on 7 other boards

Persons with Significant Control

Mr Iain Macdonald

Appoint directors

British · United Kingdom · Age 58

Wellesley House, Eelmoor Road, Farnborough, GU14 7QN

Notified 06/04/2016

Mr Stephen Douglas Read

Appoint directors

British · England · Age 64

Wellesley House, Eelmoor Road, Farnborough, GU14 7QN

Notified 06/04/2016

Charges1 outstanding

charge
outstanding

MIDLAND BANK PLC

Created 28/06/1999Registered 02/07/1999

CompanyRankvs 184+ SIC 27900 peers
74

Financial strength90th percentile among SIC peers · 23/25
Employees73th percentile among SIC peers · 11/15
LiquidityCurrent ratio 3.36× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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84
How is this score calculated?
Financial strength23/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees11/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 30/11/2024

Net Worth

£1.6M

Balance sheet strength

Cash

£1.1M

Cash in the bank

Net Current Assets

£1.6M

Working capital

Current Assets

£2.2M

Current Liabilities

£668k

Fixed Assets

£15k

Debtors

£790k

5avg. employees+1

Tax at Year End

Corp tax£46k
VAT£278k

Director Loans

Company owes directors£176

Balance Sheet

Assets less current liabilities£1.6M
Signed by Mr Stephen Douglas Read 25 February 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20243.36-£97k£5.6M
20232.67-£91k£5.0M
20222.43+£1.3M£5.6M
20211.48—£4.9M

Derived from filed accounts. Not audited figures.